Seller's Agent in 2017
Brook Miller
RE/MAX
(602) 391-7164
1 in this area
118 Total Sales
209 E Morelos St Chandler, AZ 85225
Downtown Chandler NeighborhoodEstimated Value: $509,000 - $709,000
Studio
--
Bath
2,484
Sq Ft
$260/Sq Ft
Est. Value
Highlights
- Ceramic Tile Flooring
- Two cooling system units
- Partially Fenced Property
- Willis Junior High School Rated A-
- Ceiling Fan
- 2-minute walk to Winn Park
About This Home
As of January 2017Great investment opportunity, fully occupied, cash flowing 4 Plex in the heart of Downtown Chandler. 2 of the tenants have been there for 1.5 and 3 years but now month to month. The other 2 tenants were just secured in September and signed 1 year leases. This is a great investment opportunity in the up and coming downtown area with a lot of re gentrification already in process. Rental rates are below market, opportunity to increase CAP rate and property value.
Last Agent to Sell the Property
RE/MAX Fine Properties License #BR533974000 Listed on: 11/23/2016
Last Buyer's Agent
Brook Miller
RE/MAX Solutions License #BR533974000
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,008
Year Built
- Built in 1974
Lot Details
- Partially Fenced Property
Home Design
- Composition Roof
- Built-Up Roof
- Block Exterior
Interior Spaces
- Ceiling Fan
- Ceramic Tile Flooring
- Security Lights
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Parking Available
Schools
- Frye Elementary School
- Willis Junior High School
- Chandler High School
Utilities
- Two cooling system units
- Central Air
- Heating System Uses Natural Gas
- Separate Meters
- Master Meter
- Individual Gas Meter
- Master Water Meter
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity, gas, cable TV
- The owner pays for water, sewer, trash collection, landscaping
- Tax Lot 97
- Assessor Parcel Number 303-17-137
Community Details
Overview
- 4 Units
- Building Dimensions are 49.50 x 141.51
Building Details
- Operating Expense $6,010
- Net Operating Income $14,390
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 23, 2016
Closed on
Jan 5, 2017
Sold by
Lee James and Lee Vanessa
Bought by
Focus Llc
Seller's Agent
Brook Miller
RE/MAX Fine Properties
Buyer's Agent
Brook Miller
RE/MAX Fine Properties
List Price
$250,000
Sold Price
$220,000
Premium/Discount to List
-$30,000
-12%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$426,986
Avg. Annual Appreciation
12.26%
Original Mortgage
$165,000
Outstanding Balance
$135,624
Interest Rate
4.03%
Mortgage Type
New Conventional
Estimated Equity
$511,362
Purchase Details
Listed on
Nov 23, 2016
Closed on
Dec 27, 2016
Sold by
Howard Zoe
Bought by
Lee James and Lee Vanessa
Seller's Agent
Brook Miller
RE/MAX Fine Properties
Buyer's Agent
Brook Miller
RE/MAX Fine Properties
List Price
$250,000
Sold Price
$220,000
Premium/Discount to List
-$30,000
-12%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Outstanding Balance
$135,624
Interest Rate
4.03%
Mortgage Type
New Conventional
Estimated Equity
$511,362
Purchase Details
Closed on
Jul 13, 2010
Sold by
Fannie Mae
Bought by
Howard Zoe
Purchase Details
Closed on
Feb 10, 2010
Sold by
Ortiz Abacu
Bought by
Federal National Mortgage Association
Purchase Details
Closed on
Aug 4, 1997
Sold by
Bohnert Curtis R and Bohnert Barbara I
Bought by
Ortiz Abacu
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,423
Interest Rate
7.42%
Mortgage Type
FHA
Purchase Details
Closed on
Aug 18, 1995
Sold by
Bohnert Curits R and Bohnert Barbara I
Bought by
Alber Tom L and Alber Carolyn
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Focus Llc | -- | Accommodation | |
| Lee James | $220,000 | Clear Title Agency Of Az Llc | |
| Howard Zoe | $64,900 | Stewart Title & Trust Of Pho | |
| Federal National Mortgage Association | $183,035 | Great American Title Agency | |
| Ortiz Abacu | $88,000 | Lawyers Title Of Arizona Inc | |
| Alber Tom L | $17,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lee James | $165,000 | |
| Previous Owner | Ortiz Abacu | $87,423 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/05/2017 01/05/17 | Sold | $220,000 | -12.0% | $89 / Sq Ft |
| 11/23/2016 11/23/16 | For Sale | $250,000 | -- | $101 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,240 | $13,259 | -- | -- |
| 2024 | $1,197 | $12,628 | -- | -- |
| 2023 | $1,197 | $45,680 | $9,130 | $36,550 |
| 2022 | $1,159 | $31,660 | $6,330 | $25,330 |
| 2021 | $1,191 | $26,330 | $5,260 | $21,070 |
| 2020 | $1,184 | $24,780 | $4,950 | $19,830 |
| 2019 | $1,143 | $17,430 | $3,480 | $13,950 |
| 2018 | $1,110 | $15,660 | $3,130 | $12,530 |
| 2017 | $1,043 | $16,180 | $3,230 | $12,950 |
| 2016 | $1,008 | $13,750 | $2,750 | $11,000 |
| 2015 | $966 | $13,200 | $2,640 | $10,560 |
Source: Public Records
Agents Affiliated with this Home
-
Brook Miller
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5528683
APN: 303-17-137
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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